Mumbai based, Zim Laboratories, a drug delivery solution company is making some waves. The stock opened 3.5% higher at Rs.120 and went on to hit a new high at Rs.139. It is currently trading at Rs.137 levels.

Ex-Blackstone Group deal maker, Mathew Cyriac’s company, Florintree Advisors is buying out its entire 22% stake held by AA Development Capital. The buying price was Rs.83.04/share.

The stock, yesterday was locked at its 20% UC at Rs.116.45.